Binance to Launch “Charity Crypto Card” for Ukrainian Refugees

Daniel Attoe
Daniel Attoe

Updated · Apr 11, 2022

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The company is planning on doubling its financial contributions to the eastern European country as it battles an invasion.

Debit Card for Refugees

Binance, the world’s largest cryptocurrency exchange by volume, will introduce a “charity crypto card” later this month for Ukrainian refugees. 

Ukraine’s deputy prime minister Mykhailo Fedorov made the disclosure on Telegram. He was detailing a call he had with Binance CEO Changpeng Zhao. He also revealed other measures the crypto company has lined up to assist victims of its war with Russia.

“During this month, Binance will also launch a charitable crypto card for all Ukrainians who have been forced to leave Ukraine and need help,” he wrote. “This is an important support for our citizens during the war.”

The debit card will be funded by the Binance Charity, a non-profit organization based in the United States.

Fedorov, who doubles as Minister of Digital Transformation, added that his ministry would continue to collaborate with Binance on increasing crypto adoption. In addition, Binance will support learning projects to help more Ukrainians acquire digital skills and professional qualifications. 

Ukraine has turned to crypto and blockchain technologies like NFTs to help fund its military and cater to those affected by the invasion. 

Binance has contributed its share to the cause, providing up to $10 million dollars so far. That is the largest donation to Ukraine by any company, Binance claimed in a tweet. Now, the platform has pledged to double that amount “in the near future”. 

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Daniel Attoe

Daniel Attoe

Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.

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